Accommodation Party

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One who signs a Commercial Paper for the purpose of lending his or her name and credit to another party to the document—the accommodated party—to help that party obtain a loan or an extension of credit.

A person wanting to obtain a car loan, for example, may offer a finance company a promissory note for the amount of the requested loan, promising to repay the amount over a number of years. If the company does not consider the person a good credit risk (one who will be able to repay the loan), it will request that someone else sign the note to ensure that the company will be repaid. Such a person may be an accommodation endorser, because he or she endorses the note after it has been completed, or an accommodation maker, because he or she must sign the note with the accommodation party.

An accommodation party is liable to the person or business that extended credit to the

accommodation party, but not to the accommodated party. The accommodation party is liable for the amount specified on the accommodation paper. If an accommodation party repays the debt, he or she can seek reimbursement from the accommodated party.

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Accommodation Endorsement Accommodation Paper Co-Maker party Principal and Surety			In a deferred like-kind exchange, a taxpayer is bound by certain time limits in which to complete an exchange, including the requirement that the replacement property generally must be received within 180 days of the disposition of the relinquished property or, in the case of a reverse exchange, the "parked" property must be transferred to the taxpayer as replacement property within 180 days after the accommodation party acquires title of the parked property; see Sec. Rulings relax related-party exchange rules by Tran, Stephanie / The Tax Adviser Among the guidelines for reverse exchanges are: * The accommodation party must hold legal title to the property [during the transaction] and also hold other indicia of ownership that are recognized under commercial law, such as a contract for deed. IRS blesses reverse exchanges by MILLER, DOUG / Real Estate Weekly 170 charitable contribution deductions and the use of an exempt entity as an accommodation party in a transaction that will shift tax benefits. Abusive tax transactions involving exempt organizations by Underwood, Joyce M. / The Tax Adviser			Accidental Killing Accidental Vein Accidents of Navigation accipere accipient acclaim acclaimed acclamation acclamatory acclimate acclimated acclimatization acclimatize acclimatized accolade Accomenda accommodare accommodate accommodate oneself accommodated accommodating accommodatio accommodation Accommodation Endorsement Accommodation Paper Accommodation Party accommodations accommodativeness accommodatus Accomodation accompanied accompanier accompaniment accompaniments accompany accompanying accompanying events accomplice Accomplice if friend asked me to drive? accomplice in crime Accomplice Witness accomplish accomplish promptly accomplished accomplished efficiently accomplished fact accomplished practitioner accomplishment accomplishments accord Accord and Satisfaction			Accommodation Endorsement Accommodation Endorsement Accommodation Endorsements Accommodation Endorsements accommodation endorser accommodation endorser accommodation endorser Accommodation Endorsers Accommodation Endorsers Accommodation Endorsers Accommodation Field Development Vessel accommodation ladder accommodation ladder accommodation ladders accommodation ladders Accommodation Line Accommodation Lines accommodation list Accommodation loan Accommodation Manager Accommodation Note Accommodation Note Accommodation Notes Accommodation Notes Accommodation Officer Accommodation Paper Accommodation Paper Accommodation Paper Accommodation Papers Accommodation Papers Accommodation Party accommodation platform accommodation reflex accommodation reflex accommodation reflex accommodation reflex Accommodation Request Form Accommodation Review Board accommodation rig Accommodation Search Engine accommodation time Accommodation-Induced Vergence accommodational accommodationist accommodationists accommodations accommodations accommodations accommodations accommodations accommodative accommodative accommodative accommodative Accommodative amplitude Accommodative amplitude accommodative asthenopia accommodative asthenopia accommodative asthenopia Accommodative convergence Accommodative Convergence to Accomodation

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